I am very curious to know, if you guys could walk me thru the process it be very appropriate. 1) Rental Property Cash Flow Analysis- Due Diligence: a) The first step to buying a multifamily home is deciding on the right neighborhood to invest in.b) Property condition: Take into account how much time, money and work the property will need in order to be rent-ready. c) Rent roll: Look at the current rents and compare them to the average rents in the area to see what the property should rent for and can help influence your buying decision.d) Revenue & expenses: Look at what rental revenues are coming in and what the current expenses are and see if it makes sense, remember to add in your approximate carrying costs to see if you will be cash-flow positive.e) Vacancy rate: Look for a vacancy rate below 10% and see how long each unit is vacant per year so you can figure that into your carrying costs. f) Loan calculation: Add your loan calculation into your Analysis.2) Work with a RE agent.3) Choose the Right Lender. 

The biggest keys in Real Estate Investing is to Buy It Right and Sell It Right.

I think the biggest thing to address first is that you likely would not be able to use a VA loan on this deal.

@Brandon Carlson - Bakersfield is the biggest of cities, with new distribution centers coming in, new construction happening.

My biggest concern right now is getting the math right so it will cash flow.

I think this is the biggest mistake for new REI, the thought of scaling.

Can you imagine the hypothetical of holding a pending sale contract of a restaurant that will see revenue drop to $0?

The biggest issue in this area is simply low inventory.

Don't let loss to lease "rule of thumb" drive your revenue assumptions.

That was one of my biggest reasons for making this move.